Nov 16, 2012 3:00pm PST
leader nancy pelosi sought to project coughs, and even though she said no one broached specific figures for an overall deal. >> i think it would be good if we did something in the 4 trillion dollar category of deficit reduction which is similar to the grand bargain that was discussed last year. >> nonpartisan budget hawks eyeing the opening round of talks with cautious optimism. >> i'm worried people say if i don't get my way i'll go off the cliff and you hear that on both sides, frankly, but i've also seen incredible interest and openness to putting in place a deal, both from president obama and leader boehner, and a number of members of congress. >> an aide to senator majority leader harry reid told fox news, the democrats are open to various tax loopholes only if the republicans agree first to raise taxes on those making $250,000 or higher. sound familiar, chris. >> does a bit. thanks from the white house. president obama won reelection on a promise to raise taxes on high earners as a plan to raise our massive debt. republicans say they agree with the goal, but want to do it a differ
Nov 16, 2012 8:00am PST
. >>> want to take you to washington, d.c. we see nancy pelosi talking outside the white house after meeting with the president this morning with other congressional leaders. let's listen in. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build as we reach our solution. because if we do not reach agreement, not only will we miss the opportunity for doing something good for our economy and lifting the spirits and the confidence in our country, we will have an economic downturn that must be avoided. we understand our responsibility there. we understand that it has to be about cuts. it has to be about revenue. it has to be about growth. it has to be about the future. so as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. it was good. i feel confident that a solution may be in sight. mitch? >> i can only echo the observations of the other leaders that it was a constructive meeting. we all understand
Nov 16, 2012 5:30pm PST
reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. > reporter: leader pelosi said tere appeared to be interest in a big deal, about four trillion rsllars worth of deficit reductions along the lines of the grand bargain that fell part wean the president and tpeaker boehner last year, rethony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to ?ccomplish in that time? >> reporter: well, i think what they're hoping for an is an outline, a road map, if you till, that they can take back to both sides for more sensible spending cuts than the across- the-board cuts set to go into effect in those 46 days. r mason: nancy cordes. u.sks, nancy. former c.i.a. director david petraeus was questioned by ppngress today about the september attack on the u.s. consulate in benghazi, libya. tol.aeus appeared behind closed doors at the capitol. he spoke with members of the aouse and senate intelligence committees in a secure underground hearing room.